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Below is this week’s congressional update by BakerHostetler’s <a href="https://www.bakerlaw.com/FederalPolicy">Federal Policy</a> team. We’ll continue to post in weeks when both chambers of Congress are in session.

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President Joe Biden has called the congressional leadership to the White House for a meeting tomorrow as the United States stands on the precipice of defaulting on its public debt for the first time in history amid a <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/19/statement-from-white-house-press-secretary-karine-jean-pierre-on-the-visit-of-president-pedro-sanchez-of-spain/">standoff</a> over raising the statutory debt limit.

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As the COVID-19 public health emergency officially ends Thursday, attention is <a href="https://www.reuters.com/world/americas/title-42-is-ending-us-mexico-border-what-is-it-what-happens-now-2023-05-05/">focused</a> on the end of Title 42 restrictions on immigration and a possible surge at the southern U.S. border.

Biden will also host President Pedro Sanchez of Spain at the White House later this week.

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The House will <a href="https://www.majorityleader.gov/schedule/weekly-schedule.htm">vote</a> tomorrow through Friday, taking up Republicans’ border security and immigration policy <a href="https://www.speaker.gov/wp-content/uploads/2023/05/Secure-the-Border-Act-HR2-One-Pager.pdf">legislation</a>.

On Wednesday, the Financial Services Financial Institutions Subcommittee will hold a <a href="https://financialservices.house.gov/calendar/eventsingle.aspx?EventID=408755">legislative hearing</a> on potential responses to recent bank failures.

The House Armed Services Committee will begin <a href="https://armedservices.house.gov/news/press-releases/chairman-rogers-and-ranking-member-smith-announce-markup-schedule-fiscal-year">writing</a> the Fiscal 2024 National Defense Authorization Act. <a></a>

The full list of committee meetings can be found <a href="https://www.house.gov/legislative-activity">here</a>.

The Senate will be in session tomorrow through Friday continuing <a href="https://www.senate.gov/legislative/floor_activity_pail.htm">consideration</a> of Biden’s nominees.

The Senate Health, Education, Labor and Pensions Committee on Wednesday will hold a <a href="https://www.help.senate.gov/hearings/the-need-to-make-insulin-affordable-for-all-americans">hearing</a> on the cost of insulin with the heads of Eli Lilly, Novo Nordisk, and Sanofi, as well as executives from CVS Health, Express Scripts, and OptumRx.

The Energy and Natural Resources Committee will hold a <a href="https://www.energy.senate.gov/hearings/2023/5/full-committee-hearing-to-examine-opportunities-for-congress-to-reform-the-permitting-process-for-energy-and-mineral-projects">hearing</a> Thursday on permitting reform.

Additional Senate committee meetings can be found <a href="https://www.senate.gov/committees/hearings_meetings.htm">here</a>.

Tomorrow, the president will meet at the White House with Speaker Kevin McCarthy, House Democratic Leader Hakeem Jeffries, Senate Majority Leader Chuck Schumer, and Senate Republican Leader Mitch McConnell to discuss the debt limit.

Wednesday, Biden will <a href="https://twitter.com/KevinFreyTV/status/1654620184953380869?s=20">travel</a> to New York to speak on the debt limit and attend campaign events.

Friday, Biden will welcome President Pedro Sanchez of Spain at the White House for a bilateral <a href="https://www.whitehouse.gov/briefing-room/statements-releases/2023/04/19/statement-from-white-house-press-secretary-karine-jean-pierre-on-the-visit-of-president-pedro-sanchez-of-spain/">meeting</a>.&nbsp;

The Weekly Hill Update